Cab hailing app GetTaxi gets $150M to take on Uber

GetTaxi, also known as Gett, just announced a big $150M funding round, reports Israeli news site Globes. The announcement comes two months after competing service Uber raised $1.2 billion in funding.

Taxi hailing is the hot new venture. Much of the attention has centered on the drama between Uber and Lyft, and possible attempts at sabotage. Uber employees have been reportedly scheduling car rides with other services like Lyft and Gett, then canceling them. Gett has taken something of a back seat to all the publicity — at least here in the U.S.

The company is based in Israel, where it covers many cities with its service. It also operates in London, St. Petersburg, Moscow, and New York. Now it looks like the company is ready to push for the front. This recent round of funding will help Gett expand service in New York and London.

One of the main differences between Gett and some of the other ride-hailing apps is that it pre-screens its drivers.

Former investor Vostok Nafta Investment put in $25 million in this most recent round, according to Globes. As of yet there is no detailed information about who else invested in the round. To date Gett has raised over $210 million.

More information:

GetTaxi is a simpler, faster way to order taxis from your mobile phone. Watch your taxi on a map in real time, pay for rides instantly and get rewards! GetTaxi is set to disrupt public transportation in Europe. it is already operationa... read more »